Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hemnet Group AB (publ) (HEM.ST)

Company Dividend Discount ModelIndustry: Internet Content & InformationSector: Communication Services

Valuation Snapshot

Stable Growth$37.40 - $53.08$45.13
Multi-Stage$57.29 - $62.87$60.03
Blended Fair Value$52.58
Current Price$236.80
Upside-77.80%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS-1.62%0.00%1.211.030.580.000.001.310.000.000.000.00
YoY Growth--17.55%76.26%0.00%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.36%0.31%0.33%0.00%0.00%0.74%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)539.20
(-) Cash Dividends Paid (M)161.60
(=) Cash Retained (M)377.60
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)107.8467.4040.44
Cash Retained (M)377.60377.60377.60
(-) Cash Required (M)-107.84-67.40-40.44
(=) Excess Retained (M)269.76310.20337.16
(/) Shares Outstanding (M)95.4095.4095.40
(=) Excess Retained per Share2.833.253.53
LTM Dividend per Share1.691.691.69
(+) Excess Retained per Share2.833.253.53
(=) Adjusted Dividend4.524.955.23
WACC / Discount Rate9.85%9.85%9.85%
Growth Rate-2.00%-1.00%0.00%
Fair Value$37.40$45.13$53.08
Upside / Downside-84.21%-80.94%-77.58%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)539.20533.81528.47523.19517.95512.77528.16
Payout Ratio29.97%41.98%53.98%65.99%77.99%90.00%92.50%
Projected Dividends (M)161.60224.07285.28345.24403.97461.50488.55

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.85%9.85%9.85%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)201.92203.98206.04
Year 2 PV (M)231.66236.42241.22
Year 3 PV (M)252.64260.45268.43
Year 4 PV (M)266.40277.44288.82
Year 5 PV (M)274.25288.53303.40
PV of Terminal Value (M)4,238.794,459.514,689.33
Equity Value (M)5,465.665,726.335,997.23
Shares Outstanding (M)95.4095.4095.40
Fair Value$57.29$60.03$62.87
Upside / Downside-75.81%-74.65%-73.45%

High-Yield Dividend Screener

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